Income & Expenditure Account For the year ended 31 December 2022
Balance Sheet As at the year ended 31 December 2022
2022 £
2022 £
2021 £
2021 £
Note
Fixed Assets Intangible assets Tangible assets
35,237
3 4 5
26,362 322,915
2,969,503 (679,880)
Income
2,528,890 (439,130)
309,702
Cost of sales
2
2
Investments
2,289,623 (1,595,340)
Gross surplus
2,089,760 (1,351,056)
344,941
349,279
Administrative expenses
Current Assets Debtors
694,283
Operating surplus
738,704
216,131
6
250,026 2,571,109 2,821,135
7,414
294
3,165,289 3,381,420
Interest receivable and similar income
Cash at bank and in hand
701,697
Surplus before taxation
738,998 (148,639)
(137,873)
Tax on surplus
Creditors Amounts falling due within one year
(538,018)
(545,895)
7
Surplus for the financial year
563,824
590,359
2,843,402
2,275,240
Net Current Assets
The income and expenditure account has been prepared on the basis that all operations are continuing operations.
Total Assets Less current liabilities
3,188,343
2,624,519
Provisions for liabilities
(29,201)
(29,201)
Net Assets
3,159,142
2,595,318
Reserves Income and expenditure account
3,159,142
2,595,318
Members’ Funds
3,159,142
2,595,318
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime under FRS102 section 1A. The financial statements were approved by the board of directors and authorised for issue on 31 March 2023 and are signed on its behalf by:
Steve Parker BIFA Director General Company Registration No. 00391973
20
21
BIFA Annual Report & Accounts 2022 | bifa.org
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